Geopolitical tensions and changing trade policies continue to influence cryptocurrency markets, the Shiba Inu shib token demonstrating remarkable resilience in the midst of broader economic uncertainty.
After having experienced a large sale in the middle of the day, Shib organized an impressive recovery in 10:00 p.m., increasing by 3.0% over almost 900 billion volumes before establishing a new level of resistance to $ 0.0000147.
Strengths of technical analysis
- HIB established a negotiation range of 0.000007 (5.24%) between the lowest of 0.0000139 and the highest of 0.0000147 over the period of 24 hours.
- The token experienced a large sale for 3:00 p.m., going to its lowest point before finding a strong volume support.
- A decisive recovery occurred in 10:00 p.m. where the price jumped 3.0% over almost 900 billion volumes.
- The bullish momentum continued in the last hours, Shib establishing a new level of resistance at 0.0000147.
- During the last hour, SHIB experienced significant volatility with a price swing of 4.5% between the lowest of 0.00001453 and a level higher 0.00001463.
- After having established support at 0.00001455, Shib organized a strong recovery starting at 01:26, going to 0.00001463 by 01:46 on the increase in volume which culminated at 30.15 billion.
- The momentum failed in the last 15 minutes as the sales pressure has emerged, creating a downhill channel which brought the prices to 0.00001457.
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